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FACTORY STORES OF AMERICA DECLARES DIVIDEND

 SMITHFIELD, N.C., Oct. 5 /PRNewswire/ -- The Board of Directors of Factory Stores of America, Inc. (NYSE: FAC) today announced a cash dividend of $.450 cents per share for the period June 30 to Sept. 30, 1993, on its common stock outstanding. The dividend will be payable on Nov. 1, 1993, to stockholders of record on Oct. 15, 1993.
 The company recently announced plans for a new 150,000 sq. ft. outlet center to be located in Branson, Mo., scheduled to open in early 1995. The first 167,000 sq. ft. phase of their newest outlet center, located in Nashville, Tenn., is scheduled to open later this month.
 Factory Stores of America is the nation's largest owner and operator of factory outlet centers, with 25 properties located in 15 states throughout the Southeast, Midwest and Southwest.
 -0- 10/5/93
 /CONTACT: David Hodson of Factory Stores of America, 919-934-9446/
 (FAC)


CO: Factory Stores of America, Inc. ST: North Carolina IN: REA SU: DIV

CM -- CH009 -- 9017 10/05/93 16:13 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:172
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